NIO announced its third quarter financial report for 2019, with total revenue of RMB 1.84 billion, a year-on-year increase of 25.0%

At the end of 2019, NIO finally released its third-quarter financial report. It was thought that the financial report for this quarter would continue the gloom of the second quarter, but unexpectedly, NIO's third-quarter financial report showed very good results.

In terms of details, NIO's total revenue in the third quarter was RMB 1.8368 billion, an increase of 25.0% year-on-year and 21.8% month-on-month. Net loss was RMB 2.5217 billion, a decrease of 10.3% year-on-year and 23.3% month-on-month. In addition, NIO's delivery volume in 2019 also reached a record high of 20,300 vehicles.

From the financial report, we can see that although NIO is still making losses, its total revenue has increased and the loss margin has also shrunk significantly. In addition, the delivery volume has been rising steadily, which may mean that NIO will turn losses into profits in the near future.

It is worth noting that after NIO received a RMB 10 billion investment from Yizhuang State Investment in mid-2019, it has not received any new round of financing. It is unknown how NIO will solve its financing problems in the short term.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.